British American Tobacco plc (BATS) Given New GBX 5,800 Price Target at Credit Suisse Group

British American Tobacco plc (LON:BATS) had its target price decreased by Credit Suisse Group from GBX 6,100 ($80.20) to GBX 5,800 ($76.26) in a report issued on Tuesday morning. Credit Suisse Group currently has an outperform rating on the stock.

BATS has been the topic of several other research reports. UBS AG set a GBX 5,670 ($74.55) price objective on shares of British American Tobacco plc and gave the stock a buy rating in a research note on Thursday, July 13th. Citigroup Inc. reiterated a buy rating and set a GBX 6,400 ($84.14) price objective on shares of British American Tobacco plc in a research note on Friday, July 28th. Goldman Sachs Group, Inc. (The) dropped their price objective on shares of British American Tobacco plc from GBX 5,400 ($71.00) to GBX 5,340 ($70.21) and set a neutral rating on the stock in a research note on Thursday, September 21st. Whitman Howard reiterated a hold rating and set a GBX 5,300 ($69.68) price objective on shares of British American Tobacco plc in a research note on Thursday, July 20th. Finally, Berenberg Bank dropped their price objective on shares of British American Tobacco plc from GBX 5,670 ($74.55) to GBX 5,500 ($72.31) and set a buy rating on the stock in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of GBX 5,592.94 ($73.53).

British American Tobacco plc (LON:BATS) opened at 4888.50 on Tuesday. The stock’s market cap is GBX 90.83 billion. British American Tobacco plc has a 12-month low of GBX 4,237.00 and a 12-month high of GBX 5,643.60. The company’s 50 day moving average price is GBX 4,752.01 and its 200-day moving average price is GBX 5,151.80.

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The business also recently disclosed a dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, August 17th were issued a GBX 56.50 ($0.74) dividend. This represents a dividend yield of 1.06%. The ex-dividend date of this dividend was Thursday, August 17th.

In related news, insider Alan Davy acquired 36 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was acquired at an average cost of GBX 4,816 ($63.32) per share, for a total transaction of £1,733.76 ($2,279.46). Insiders bought 45 shares of company stock valued at $216,396 over the last quarter.

British American Tobacco plc Company Profile

British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).

Analyst Recommendations for British American Tobacco plc (LON:BATS)

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